BITCOIN (BTC PRICE) has made significant gains over the last couple of days after a dismal two weeks of trading saw almost 17 percent wiped off the digital coin’s value, according to CoinMarketCap.

Bitcoin (BTC Price) experienced a price plummet this month, with the virtual asset dipping to its lowest point since September 2017. On Wednesday morning bitcoin climbed to a value of $4,385 (£3,400) by 8pm GMT, according to CoinMarketCap. Since then the asset has found stability, hovering in approximately the same price area from Thursday through to Friday.

At the time of writing, BTC was worth $4,240 (£3,300), in an indication it was beginning to find stability since the price plunge.

But signs of bitcoin’s recovery over recent days may be short-lived, as the asset is typically unpredictable.

Before the crash this month, bitcoin had just come out of a period of remarkable stability for the digital asset, which is known to experience vast swings in value over short periods of time.

At the start of November, the world’s leading cryptocurrency all but flat-lined at roughly £5,000 before rapidly plunging on Wednesday, November 14 in a downwards spiral that continued until the end of the month.

Bitcoin news: BTC Price may have found stability after a troubled couple of weeks trading

Speculation abounds in the crypto sphere about the reasons for the price plummet, with some analysts and commentators attributing the downfall to the so-called “hard-fork” of bitcoin cash (BCH) – currently the fourth-largest cryptocurrency by market capitalisation.

A hard fork takes place when groups of miners and developers can’t agree on updates to the software governing a particular digital token. A given crypto then effectively “splits” into two separate coins and, in the process, a second digital currency is generated.

The November price crash led some crypto experts to question whether there could be an increased cybersecurity threat as owners of bitcoin and other cryptocurrencies become more vulnerable to hacking scams.

He told Express.co.uk : “The catalyst driving cybercriminals to find new kinds of attacks is the fall in cryptocurrency prices, as this has made crypto mining a far less viable means of obtaining the currency due to the power costs involved.

According to eToro senior market analyst Mati Greenspan, bitcoin is in amidst a parabolic bull cycle and is on track to sustain its strong momentum over the medium to long term.

Since January, within less than six months, the bitcoin price has increased by nearly 100 percent against the U.S. dollar.

With a 98% gain year-to-date, bitcoin has outperformed most assets in 2019
(source: coinmarketcap.com)

Still, despite its large short-term rally, Greenspan noted that the dominant cryptocurrency is only at the start of a bigger cycle that may lead to new highs for the asset.

WHY INDUSTRY EXECUTIVES ARE SO OPTIMISTIC IN BITCOIN

In December 2018, the bitcoin price dropped to its lowest yearly point at $3,150. At the time, even though the industry had demonstrated significant progress in improving the infrastructure supporting the asset class, the sentiment around…

World’s third largest cryptocurrency Ripple (XRP) has appreciated up to 31-percent against the US dollar in just two days.

The XRP-to-dollar exchange rate Tuesday established an intraday high towards $0.405, up 25.05% since the market open on Luxembourg-based Bitstamp exchange. The pair dropped as much as 5.05-percent ahead of the European session to neutralize its overbought sentiments, finding interim support at $0.384-level.

RIPPLE (XRP) SURGES 25% IN A DAY | SOURCE: TRADINGVIEW.COM, BITSTAMP

The sentiment was the same across the rest of the cryptocurrency index, with almost all the leading cryptocurrency posting surplus intraday gains. Bitcoin (BTC), for instance, extended its rally action to establish a new 2019 peak towards $8,836.19. Ethereum, EOS, and Bitcoin Cash too recorded double-digit percentage gains on a 24-hour adjusted timeframe.

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Facebook, the largest social media giant, made news after it announced that it would launch its own cryptocurrency, Facebook Coin. It was also rumoured that Facebook was looking out for VC firms to invest in their cryptocurrency project, with the targeted sum being “as much as $1 billion.”

Now, according to an official announcement, Facebook is going to lift its ban on cryptocurrency and blockchain related ads on its platform.

The facebook statement read :

“Starting 5 June, we will update our Prohibited Financial Products and Services Policy to no longer allow ads promoting contracts for difference [CFDs], complex financial products that are often associated with predatory behaviour. These products, due to their complexity, often mislead people.”

Facebook had implemented the ban on cryptocurrency ads and promotional campaigns related to blockchains and ICOs back in January 2018. It was believed that the ban was to tackle concerns…

Craig Wright, a man who, as WIRED wrote about back in 2016, either created Bitcoin or very badly wants someone to believe he did.

Now rumours are swirling through the Bitcoin world that Wright himself is poised to publicly claim—and possibly offer some sort of proof—that he really is Satoshi Nakamoto, the mysterious inventor of Bitcoin. If he does, he’ll have to convince a highly skeptical cryptography community for whom “proof” is a serious word, and one that requires cryptographic levels of certainty.

The suggestion is that Wright, an Australian cryptographer and security professional, has arranged to perform a demonstration for media in London sometime in the next week that’s intended to convince the world he’s bitcoin’s creator.1 Luckily for any legitimate claimant to the Satoshi throne—and for bitcoiners tired of the long succession of unproven candidates and speculation—there are some clear, almost incontrovertible ways for Satoshi Nakamoto to prove himself. When…